The answer is C. <span>Online Bank, Credit Union, Traditional Bank
But one thing we need to consider despite the amount of interest rates is the safety of our account. Even though it may indeed true that traditional bank has the lowest interest rate from the three, it possesses the best account security compared to the other three because the traditional bank tends to be backed by the Feds.</span>
Answer:
Mar 17.
6150 Bad Debt Expense $1.000 - Debit
1010 CASH Operating Account $275 - Debit
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit
1220 A/REC Trade Notes Receivable $275 - Credit
Jul 29.
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit
1010 CASH Operating Account $1.000 - Debit
6150 Bad Debt Expense $1.000 - Credit
1220 A/REC Trade Notes Receivable $1.000 - Credit
Explanation:
Answer:
The correct answer is letter "D": Analysis of opportunities and threats.
Explanation:
Part of the Strategic Planning involves making a SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis. By identifying Opportunities and Threats, a company is able to know what are the potential <em>external factors</em> of the organization that could harm the business or that could represent chances to make a profit.
Answer:
The compensation expense for December 31, 2021 is $393,600
Explanation:
The compensation expense for December 2021 year ended can be determined using the below formula:
compensation expense=number of share options*fair value*(100%-% of forfeiture)/ number of years of compensation
number of share options is 82000 shares
fair value of the option according to binomial pricing model is $10
% of forfeiture is 4%(from past experience)
the compensation is for a period of two years
compensation expense=82000*$10*(100%-4%)/2
=$820,000*96%/2
=$787200
/2
=$393,600
The appropriate entries would be to debit compensation expense in 2021 with $393,600 while crediting paid-in capital-share options account
Answer:
$6,540
Explanation:
Accounts receivable at 12/31/2022:
= Accounts receivable at 12/31/2021 + Increase
= $216,000 + $22,000
= $238,000
Uncollectible accounts receivable:
= 3% of Accounts receivable at 12/31/2022
= 0.03 × $238,000
= $7,140
Allowance = Allowance at 12/31/2021 - Writes Off
= $8,400 - $7,800
= $600
Therefore,
Bad debt expense for 2021 would be:
= Uncollectible accounts receivable - Allowance
= $7,140 - $600
= $6,540
